Government Guarantees  Foreign Finance
Government Guarantees  Foreign Finance

Iranian Gov't Guarantees Foreign Finance

Iranian Gov't Guarantees Foreign Finance

According to a directive issued by the Cabinet, Economy Minister Ali Tayyebnia has been authorized, on behalf of the government, to guarantee the repayment of the principal amount plus the interest of finance taken from foreign banks, export insurance firms and international development institutions, Banker.ir reported.

The guarantees will only be issued for projects that are in line with current regulations and approved by the government’s Economic Council.

The projects should be deemed eligible by the Planning and Budget Organization of Iran in the case of public projects while private projects should comply with Public Audit Law as well.

Short URL : https://goo.gl/oueKCj
  1. https://goo.gl/QXi3Iw
  • https://goo.gl/cFvH2S
  • https://goo.gl/OoYk5o
  • https://goo.gl/adN5MI
  • https://goo.gl/mOIcjf

You can also read ...

Alcatel’s Android Go Cellphone in the Offing
Two of the phones Alcatel revealed last month will be coming...
NASA Seeks Help to Check Satellites
NASA is asking all cloud gazers to snap photos of the sky and...
Iran has signed a contract with China Railway Group Limited in 2015 to build a 415-km (260-mile) high-speed north-south rail line between Tehran and Isfahan via Qom.
The Economy Ministry sold 2 trillion rials ($41.6 million) of...
Banque Delubac Ready to Service Iranian Businesses
Executives with Banque Delubac and Cie, an independent French...
Trade With Afghanistan Tops $2b
Iran and Afghanistan exchanged 5.32 million tons of non-oil...
$92m Worth of Gov’t Debts to Be Cleared in Swap Deal
The government has decided to clear over 4.45 trillion rials...
Iran-Lithuania Trade Falls 44% in 2017
Trade between Iran and Lithuania stood at more than €11.1...
Gov’t, Workers, Employers Deadlocked in Setting Minimum Wage
With only a day left for the Supreme Labor Council to set the...

Add new comment

Read our comment policy before posting your viewpoints